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Job Description Summary

Job Description

JOB TITLE: Senior Manager, LBCM Treasury

SALARY: Competitive package

LOCATIONS: London

HOURS: Full-Time

WORKING PATTERN: Our work style is hybrid, which involves spending at least two days per week, or 40% of our time in the office.

About this opportunity

This is a Senior Manager role, covering our International businesses in NY, EU and the Crown Dependencies. In addition, coordinating LBCMs IRRBB through the transfer pricing process and structural hedges, alongside the credit risk in our LAP and term issuance profile.

Lloyds Bank Corporate Markets (LBCM) is in growth mode! We provide the opportunity for Corporate & Institutional Banking (CIB) to expand its client reach today and to maximise our scalability to grow into the future.

The LBCM Treasury team covers the GCT subject areas of Funding, Liquidity, Capital and Finance with interchangeable activities creating more opportunities for personal growth. With significant investment underway to enhance our client offering, Treasury will be instrumental in ensuring LBCM has the capacity to support that growth in a capital accretive way. We work alongside Group Corporate Treasury (GCT) to manage XVA and BTL volatile items, to hedge the Matching Adjustment portfolio hedges with Scottish Widows and to drive appropriate returns through the allocation of capital and liquidity costs to each of our businesses.

We continually seek ways to improve our balance sheet, to drive cost efficiencies and expand our product offering, making this role ideal for someone who likes to get into the details of a business, to question current practices and to deliver change.

Our work creates tangible outcomes, including providing more capacity for client activity, and improving the returns of the entity and ultimately the dividends we pay to group. You'll develop an understanding of everything from retail client journeys in Jersey, to Bank relationships in NY, to working closely with GCT to refine transfer pricing and learning how to dynamically hedge through XVA.

You'll be heavily involved with the ICAAP process which builds a comprehensive knowledge of capital risk and how the bank works; this role requires you to maintain a wide group of partners and to be an active member influencing change.

There is plenty of opportunity to learn on the job, and we actively encourage broader learning for the future. LBCM Treasury is embedded with GCT introducing a logical step in a Treasury career. We provide a bridge into Commercial and Retail businesses, creating a broad pool of collaborators as you progress.

About us

If you think all banks are the same, you’d be wrong. We’re an innovative, fast-changing business that’s shaping finance as a force for good. A bank that’s empowering its people to innovate, explore possibilities and grow with purpose.

What you’ll need

• A solid understanding of Interest Rate Risk on the Banking Book (IRRBB) management.
• A good understanding of interest rate and currency hedging products.
• A track record of working with teams to deliver material change and improvements.
• An entrepreneurial attitude; looking for opportunities, working with motivated teams and creating outcomes.
• A user level knowledge of basic Microsoft 365 products and a desire to learn in a fast-changing application landscape.

About working for us

Our focus is to ensure we're inclusive every day, building an organisation that reflects modern society and celebrates diversity in all its forms.

We want our people to feel that they belong and can be their best, regardless of background, identity or culture.

We were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package, and a dedicated Working with Cancer initiative.

And it’s why we especially welcome applications from under-represented groups.

We’re disability confident. So if you’d like reasonable adjustments to be made to our recruitment processes, just let us know.

We also offer a wide-ranging benefits package, which includes:

• A generous pension contribution of up to 15%
• An annual performance-related bonus
• Share schemes including free shares
• Benefits you can adapt to your lifestyle, such as discounted shopping
• 30 days’ holiday, with bank holidays on top
• A range of wellbeing initiatives and generous parental leave policies

If you’re excited by the thought of becoming part of our team, get in touch.

We’d love to hear from you!

At Lloyds Banking Group, we're driven by a clear purpose; to help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities. With us you'll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group means you'll have many opportunities to learn, grow and develop.

We keep your data safe. So, we'll only ever ask you to provide confidential or sensitive information once you have formally been invited along to an interview or accepted a verbal offer to join us which is when we run our background checks. We'll always explain what we need and why, with any request coming from a trusted Lloyds Banking Group person.

We're focused on creating a values-led culture and are committed to building a workforce which reflects the diversity of the customers and communities we serve. Together we’re building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference.